The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-12-26

NATIONAL AFFAIRS.
Mexico Making 0vertures to Us,
Our Sister Republic Would Have
International Money Issued.
The Movement Causes Excitement
Among the Powers.
Benefit To Be Derived fom Such
n Plan Apparent.
Report OF the Pacific Railroad Commis-
sion-Improvement in the Postal
Laws Canada Wants tho
Earth--Notes.
Mexico Making 0vertures to U.s.

Special Dispatch to the Appeal
WASHINGTON, Dec. .i.-Thc paragraph
which appeared about week agoin u New
York paper intimating that the Mexican
government was making overturcs 10 the
government OF the United States for the is
suancc Of international silver certificates
which would be OF par value in either
country, was cablcd 10 Europe and has
made considerable stir in the financial cir.
clcs OF France, England and Germany.
The latter country especially has mani
tested great interest in the report. Ger
many's trade with Mexico is 20 large ~ TO
almost dwarf into ins.gnsicance that Of
England or France, and the manufacturers
OF the Kaiscr's empire are consequently
eagerly watching TO dctailthc first mani
iVstltions of such a treaty between the
United States and McNico. Instructions
have been forwarded 20 the
German representative here 20 re.
port 10 their home government
every move in that direction indicated. II
il exceedingly difficult To discover the cX-
act proposition which has been made by
Mexico, but il is understood to bc the is
suancc Of international certificates to the
extent oi - per head OF the population Of
both countries. This would give an in
tcmationul currency Of Lbout SlS6,OOO, 600
The purchasing power VI the McNicau dol
lar would be increased 30 per cent. in this
country were this management Ia bc
concluded and the advantages that would
accrue 10 the American manufacturers
can hardly hc oyerestimuled. II il under
stood thnt Scnor Romo, the Mexican
minister here, * in communication with
the state department on the subject. II X
too carly as vet lo speculate as to what the
senate would do with the matter hut II X
expected that the President will before
long communicate with that body in refer
cnrc 10 the proposition which il is believed
would, in liz effects, b. oi far more benefit
TO the United states than any reciprocity
treaty which could be arrived at.
Pacific RAILROAD COMMISSION.
The report of tho Pa7inc railroad com.
missioncrs has been sent 10 both houses oi
Congress. IL has been n the hands of the
President for a monu or more. II was
his original purpose TO Ute an elabomlc
message upon II, hut At,r reading over
| both uf the imports subtiittcd lac came to
the conclusion that II would require more
study than lac could giyc To the subject,
and hc sent the whole matter 10 Com
gl,.a without comment. tougrag will
therefore be- unhampcrcd in framing lcgis.
lation upon the subject The reports are
accompanied by voluminous testimony
taken during the summer in New York,
Sin Francisco, Omaha aud other points.
This was giycn iull notice at the time by
the press. EX.Ouy pattison's report II
brief, but Il is pointed. lle finds himself
unable TO agree with the other commits.
sioncrs IN their opinion rs to the condition
oi the property or the management ol II,
and takes very gloomy view oi the
financial situation Of nll the Immigrant
roads. lie recommend that proceedings
be- instituted In the courts by the Attorney
General oi the United states tO place all
the Pacific railroad syslcm In the hands oi
receiver. who shnll take change
oi the property aud devote the
irst earnings 20 the liquidation
oi the government indebtedness. lie
~ very severe ia his criticisms upon the
conduct oi the past AMI present manage.
mcnt oi the Union AMI Central Pacific,
particularly the latter, and recommends
that criminal proceedings bc instituted
against them II pJssiblr. Commissioners
Anderson aud l.iitlor sign the majority ~
port, aud Il is very di.lcrcnt document
II compliments the present management
ui the Union Pacific, aud holds that the
gentlemen now In conlrl oi the property
arc conducting IL honesty AMI ably. and
| that their purposes seem 10 be- not only TO
practice the slriciost economy, but the de-
yotion oi earning. TO ply the debt 30 the
/ government The roau they say, has long
since pa. ed ont Of the hands Of the men
to whom the subsidies Ucrc granted, and
who permitted the property 10 dcprccialc
| in value aud the government Indebtedness
/ 30 accumulate. They boil that the present
| innnaga II entitled 10 the encourage.
mcnt Of the government as long M the
/ present policy is purs' 4, and anticipate
a marked increase H. the value oi the
| property by tho development Of the
territory through which II runs. They
recommend that the managers be ~.
licycd from all cmbi birI-smcnt, and that
q bill be passed by Congr'ss 10 fund the
government indebtedf, In 4 per cent
bonds, n certain equal proportion 81 the
aggregate 10 be pad annually for fifty
ycan. But the majority 0i the commission
share with the minority the dislrust cx-
| Gov. Pattison express '0Ward the present
management ~ tho Central Pacific, aud
the lluntingtnn-C Crocks -taniorlsyndiciie
Is severely criticized co. liycriing the husi
ness Of the road 10 otbsf lines owned aud
operated by them, meaning the Southern
Pacific and the sunset fY1ic. II is claimed
that the Central Pacific property has been
greatly injured by the eKtrayngtnt man
agrmeni the earning o. well NJ iis rolling
stock being divorced ~ other purposes.
The commission represcuIs HAT the treasury
oi the road IL empty thu iis credit has
been reduced 90 very 1w point, and That
H. earnings are often D.. than iis liked
charges, while under proper management
the property might BE- placed upon a pay
ing basis. As Il n al pf sent run there II
little hope Of the government bcing able to
collect any great proportion Of the amount
due. II IL therefore recommended that
certain amendments 10 The existing Thur
man law bc passed, requiring a fixed por'
ton Of the gross oarninss 10 bc paid INTO
the treasury oi the UniiUl States annually,
without regard 10 the net income oi the
property.
PESefows on,uED.
Pensions have been panicd ~ follows.
rcnnessee, War Of 1872 Eliza, widow oi
James Daniel, Hillsboro. minors ol WIZ.
lam A. FOllctt, Nu.bef Ridge. Mexican